Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Errawarra Resources Ltd. ( (AU:WCE) ) has issued an update.
West Coast Silver has identified a new high-priority drilling target at its Elizabeth Hill Silver Project after receiving and processing its first Down Hole Electromagnetic survey data. The DHEM conductor lies about 50 metres east of the historic Elizabeth Hill Mine and roughly 110 metres below surface, and is represented by a discrete conductive plate that has not been previously drill tested.
The anomaly is aligned with historic drill hole AG54, which intersected notable silver grades, and sits on a granite–ultramafic contact similar to the mineralised contact at Elizabeth Hill. A diamond drill rig on site is being moved immediately to test the target, with drilling expected to be completed within a week and assay results from broader RC and diamond programs due progressively through the June quarter, potentially expanding the project’s resource base and enhancing its development prospects.
More about Errawarra Resources Ltd.
West Coast Silver Limited is an ASX-listed exploration company focused on the Elizabeth Hill Silver Project in Western Australia. The company is targeting high-grade silver mineralisation using drilling and geophysical techniques, with an emphasis on expanding resources around the historic Elizabeth Hill Mine.
Average Trading Volume: 2,194,873
Technical Sentiment Signal: Buy
Current Market Cap: A$64.81M
Find detailed analytics on WCE stock on TipRanks’ Stock Analysis page.